Since its founding in 2004, it has played a significant role in bringing together the previously separate angel and venture capital industries, in order to make networking, practices, and innovation in the field of investment easier.
ACA, which grew out of four Angel Organization Summits [1] convened by the Ewing Marion Kauffman Foundation in 2002 and 2003, sponsors an annual summit meeting in a different city each year at which the leaders of the major organized angel groups, together with government leaders, academics and venture capitalists, share best practices and build new ideas based on this knowledge.
ACA's website lists angel groups across the nation[8] which bring together investors in local regions or specific industries.
The founding chairman of ACA was James Geshwiler of Common Angels in Boston, who was succeeded by John May of the New Vantage Group in Washington DC.
The current chairman of the organization is Tony Shipley of Queen City Angels of Cincinnati.